Category: Business

Connections reports financial results above estimates in the first half of 2025 and confirms sustainable growth trajectory

Connections reports financial results above estimates in the first half of 2025 and confirms sustainable growth trajectory

Connections (ticker symbol CC), a Romanian technology company listed on the AeRO market of the Bucharest Stock Exchange, announces consolidated financial results above the forecast level, performance supported by efficient execution, balance between business segments and developments in the public & private software area. During January–June 2025, operating revenues reached RON 48.5 million, up 9% above the half-year estimates and […]

Read more ›
AUSTRIACARD HOLDINGS AG (ACAG) positioned for sustained growth in the second half of the year

AUSTRIACARD HOLDINGS AG (ACAG) positioned for sustained growth in the second half of the year

Resilient strategic progress, with Document Lifecycle Management and Digital Technologies maintaining strong momentum, despite market normalization in payment cards category in Türkiye • Group Revenues of €163.6m (16% reduction vs. H1 2024), primarily reflecting continued normalization in the Turkish payment card market, a temporary moderation vs. last year’s significant contribution of metal card sales to Fintech in Europe as well […]

Read more ›
Vertiv acquires Generative AI software leader Waylay NV to enhance critical digital infrastructure operational intelligence, optimization, and services

Vertiv acquires Generative AI software leader Waylay NV to enhance critical digital infrastructure operational intelligence, optimization, and services

Acquisition to strengthen Vertiv’s comprehensive portfolio of digital infrastructure solutions with AI-based infrastructure monitoring, predictive services, and performance optimization   Vertiv Holdings Co (NYSE: VRT), a global leader in critical digital infrastructure, today announced it has acquired Waylay NV, a Belgium-based leader in hyperautomation and generative AI software platforms, as part of its continued investment in AI-driven monitoring and control technologies […]

Read more ›
Early Game invests €1 Million in space tech startup Orbital Matter

Early Game invests €1 Million in space tech startup Orbital Matter

By combining liquid materials with an extrusion printing method, Orbital Matter has developed and patented a method to make objects in space, reducing launch weight by up to 70% and launch volume by 10 times. Their first launch in space proved the core parts of the technology and achieved a NASA Technical Readiness Level of 5. With Early Game’s investment, […]

Read more ›
Endava’s Payments Report: 85% of Fintech directors plan market expansion, a trend that can also contribute to the growth of the Romanian ecosystem

Endava’s Payments Report: 85% of Fintech directors plan market expansion, a trend that can also contribute to the growth of the Romanian ecosystem

Endava, the technology-driven business transformation group whose AI-native approach combines cutting edge technology with deep industry expertise, reveals that 85% of fintechs directors are planning to expand into new markets, 77% planning such expansion within 1-3 years, according to its latest report, “Powering Growth in the Global Payments Race” in partnership with Censuswide.  The survey was based on 500 senior […]

Read more ›
BASF Coatings signs strategic partnership agreement with Toyota Motor Europe to develop its Body&Paint program

BASF Coatings signs strategic partnership agreement with Toyota Motor Europe to develop its Body&Paint program

BASF Coatings and Toyota Motor Europe have signed an agreement to develop the Toyota Body&Paint program for Europe, building the foundation for a long-term strategic collaboration between the two companies for Toyota and Lexus brands. The partnership takes advantage of the premium automotive refinish solutions under the Glasurit and R-M brands in the European market. The Toyota Body&Paint program will […]

Read more ›
Vertiv to acquire custom rack solutions manufacturer

Vertiv to acquire custom rack solutions manufacturer

Acquisition positioned to strengthen leadership in high-density integrated infrastructure offerings Vertiv (NYSE: VRT), a global provider of critical digital infrastructure, today announced it has entered into an agreement to acquire the Great Lakes Data Racks & Cabinets family of companies (collectively “Great Lakes”) for $200 million. Great Lakes is recognized for designing and manufacturing innovative, highly customized data rack enclosures […]

Read more ›
High Local Market Demand for Technology Drives 29.8% Business Growth for  System Innovation Romania in 2024

High Local Market Demand for Technology Drives 29.8% Business Growth for System Innovation Romania in 2024

System Innovation Romania, a SAP partner and ERP solutions integrator, closed 2024 with significant financial growth and a clear strengthening of its market position. The company reported a turnover of €3.3 million, marking a 29.8% increase compared to the previous year, while its profit margin rose by 17.7%, surpassing the 13.2% threshold recorded in 2023. Although the number of new […]

Read more ›
Early Game invests in Servo AI

Early Game invests in Servo AI

Early Game Ventures announces a seed investment in Servo AI, a startup at the intersection of computer vision and AI, which provides retail, HoReCa, and other brick-and-mortar businesses with unique real-time insights based on CCTV camera footage, helping them streamline their operations. The €1.2 million round is fully funded by Early Game Ventures from Early Game Fund II. Traditionally, CCTV […]

Read more ›
Consistent growth in Q1 for Connections (CC) business: 1.3 million lei profit and +19 million lei revenues

Consistent growth in Q1 for Connections (CC) business: 1.3 million lei profit and +19 million lei revenues

“The results achieved exceeded both internal estimates and Q1 2024 performance, indicating a visible improvement in operational efficiency,” the company states in the report published on BVB. Connections (ticker symbol CC), a Romanian technology company listed on the AeRO market of the Bucharest Stock Exchange, announces its financial results for the first quarter of 2025. The company reported group-level revenues […]

Read more ›
IT, Energy and Manufacturing: key sectors of interest for the Bavarian companies seeking partnerships in Romania

IT, Energy and Manufacturing: key sectors of interest for the Bavarian companies seeking partnerships in Romania

A delegation of around 20 business and political representatives from Bavaria, led by State Secretary Tobias Gotthardt of the Bavarian Ministry for Economic Affairs, Regional Development and Energy, is visiting Romania (Bucharest and Iași) and the Republic of Moldova (Chișinău) from May 14 to 17. The purpose of this business trip is to facilitate connections and explore partnership opportunities with […]

Read more ›
Cegeka Romania: Over €62 Million Turnover in 2024,  Nearly 4% Growth from the Previous Year

Cegeka Romania: Over €62 Million Turnover in 2024, Nearly 4% Growth from the Previous Year

Technology company Cegeka Romania reported a turnover of over €62 million in 2024, representing a growth of nearly 4% compared to the previous year. This growth occurred despite a difficult and uncertain economic environment, as well as the removal of tax incentives in the IT sector, which created numerous challenges for companies in this industry. “2024 was a challenging year […]

Read more ›